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cyberattack. is the regime running out of time? >>> are electric cars actually bad for the environment? specifically, twice as bad as traditional cars? a shocking new study says they may not be so green after all. even when they say it's not, it is always about money melissa: let's take a look at the day's market headlines. investors staying cautious before tomorrow's earnings season kickoff with alcoa. summit between eu finance ministers brought modest declines to stocks. stocks closed down 26 poin. shares of apple fell more than 2%. there are report that is a weekend strike broke out at a foxconn factory in china, a major a sembler in china. foxconn is denying the report. they have had major problems. >>> netflix shares surged more than 10% on the news closing at highest price since july. >>> our top story tonight, gas prices in california hitting another all-time high. now they have reached a record breaking $4.67 an average but some stations are charging close to 7 bucks. now get this. police are dealing with gas thieves stealing from stations. is there any end in sight? fox news's
. plus it is dirty, filthy gas to the rescue. california will pollute the environment to bring down crippling gas prices. no bicycles and car pools for them. we'll break it all down. >>> how far would you go to earn a buck? not even a host passing out on air can stop qvc from making a sale. we've got the video and the details. even when they say it's not, it is always about money melissa: first let's look at the today's market headlines a grim imf forecast for the global economy sent stocks sliding down 110 points. nasdaq was the day's biggest loser posting its largest loss since june 25th. earnings season starts off on a good foot. alcoa beat estimates on top and bottom line. shares are getting a nice pop after-hours. >>> government is filing a civil suit against wells fargo. they are accused of reckless behavior issuing federally backed loans. shares of wells fargo fell nearly 2%. >>> all right, our top story today, german chancellor angela merkel arrived in greece today and was met with massive protests. some greeks even dressed as nazis to mock the german leader that is so nice.
, i learned on the campaign trail. there's always a winner and loser. the political environment just like the business world, is highly competitive. with every campaign season there's always a new crop of start-ups. innovation incubators. and so, i guess the campaign is a little bit of an entrepreneurial showcase. i think a lot of us think we see these ads and i guess keeping the campaign is disliked a big marketing machine that spits out the ads we see on tv and the candidates are sending mail to us an e-mail to our in box and the phone calls and so forth. but if you peel back the curtain, you might find something. a something difference you find a very complex, highly detailed operation. there's a million things happening at once. there are things happening around the candidates, there are things happening around the headquarters operations, things happening in field offices. everything from where a candidate will stay, who will stand with the candidates, what site he should choose for that and how many people should come to the event and right down to the helium in the balloons an
, entertainment, and politics. literally now you have a global environment where people have access to campaign websites and an environment where campaigns are literally spitting out email solicitations and using social media to solicit campaign donations from people around the world. the question becomes in that kind of environment, do these campaigns actually have security on the back end to make sure that these donations are not taken -- >> sean: the obama campaign has a campaign store. on the campaign store they use a standard security tool, but on the obama campaign donation website they do not have the standard security code. explain that. >> you've heard of voter fraud? this is donor fraud. they have a massive apparatus that goes from social media to digit mining to fundraising. what they've done, they've got every tool available, standard tools they could use to check if you want to buy a mug, but what they do is drive you right to their website, everybody to their donate page, and they have no security at all. they use security in such a limited with a that -- >> sean: what do we know
of the deloitte cfo service. they were asked what their views are on the current operating environment. joining us with more, chief economist at deloitte. good to see you. i suppose we had a record second quarter of declines. >> confidence went through the floor back in june on the result of what's going on in the euro area. you've seen a bit of a bounce. risk appetite up is bit so i think cfos are looking at the same things the equity markets are looking at, qe-3 in the states, ecb bond buying. but the interesting thing is the underlying stock support is getting rather more defensive, they're more focused on cash. if respect. >> so what can he can to in terms of laying confidence?f re >> so what can he can to in terms of laying confidence?espe >> so what can he can to in terms of laying confidence?ct. >> so what can he can to in terms of laying confidence?. >> so what can he can to in terms of laying confidence? >> so what can he can to in terms of laying confidence? >> a lot of concerns relate to things outside the uk, in particular the weakness of the euro area, uncertainty. so there are things
and my environment and to me the value of the local and about the city and i am partial to the urban environment. i love it and that is why a study of. i went to public schools my whole life and it was from the teacher who said hey you might like doing this and spent time after school and they introduce me to an excellent opportunity or someone who sat after school with me and went through different topic source said i didn't understand it might debate coach in high school not being paid to spend but spent an extra six hours per week coaching. these are all things that i found made the character of my life and they all happened not by way of some sort of large institutions not by way of -- that was my local experience and what i found in a very homely city and you hear the characterization of cities or urban environments as you get lost and this has not been my experience and this is not what the local represents of returning to what i find to be the salient theme is that cities and local politics and local institutions are really fit on the greatest opportunity. you can truly access
at the international trading environment and worry about that. this is the answer to your question. a world and which the united states is strong but all of the institutions is eroding is not a world of 2011. the united states has an interest in trying its best to shore up institutions. >> this is great. >> get set to run it, john. >> a couple of quick points. my thesis is not the institutions are independent. they are instruments of power. they are used to signal limits on power. power is never divorce from institution. a venture that regard, i idea that the united states has been so brilliant for half a century or longer because, it has allowed it to make the power more durable and expensive but also making it more delimited and less based on arbitrary use of power and the most traditional sense. there are a vehemence of republican allow for the state to be more influential by allowing it to signal its own strength. a couple of more point about this. my underlying argument is that we are shifting from one organized around trilateral world, the u.s. rip germany, japan, the kind of trilateral system.
in international business. they want to help japanese firms survive competition in global environment. professionals with experience working overseas will teach business skills once a week through january. the instructors come from 12 companies in various industries including finance, chemical, and automotive. one worked for a leading chemical firm. he gave advice based on over 20 years of experience working in the u.s. he told students to stand firm and believe in themselves instead of relying on foreign koun counterparts to lead the way. >> translator: i want to be someone who has both a global and local perspective. i want to be confident in knowing what i'm capable of. >> translator: japan has experienced two lost decades of growth. we think if students can create a new path to the future, the country will be able to grow again. >>> a japanese film director returned from the prestigious toronto international film festival with an award in hand. he directed "the land of hope." it was inspired by the nuclear disaster in fukushima. he tells the story of an accident that devastates re
environment. i don't think it's a sure thing we're going to have a continued recovery, but i think the chances are that we will keep going. connell: martin, thank you again for always coming on us with. dr. martin bailey with us from d.c. thank you, sir. >> thank you. dagen: california gasoline prices hitting another new record high for the state today. $4.66 a gallon. that is up 86 cents from one year ago. and california's governor jerry brown taking emergency action as the state's prices have become -- well, they are the highest in the nation. connell: they certainly are. we go right now with fox news correspondent adam housely in l.a. with the latest. >> dagen and connell, you mentioned 4.66 a gallon or so, you would be hard-pressed to find that price in much of los angeles. in fact right here behind me you can see this gas station 4.99 for regular, 5.19 for premium. just down the street, the gas there is 5.39 for regular unleaded. across los angeles, in fact, i drove down the state yesterday from northern california to southern california, no matter where you drive, you're finding gas pric
.. and the changes were made to maximize space and promote a safer school environment. the students are concerned about not having access to the entire building and they say being forced to use the back entrance makes them feel like they're "the help". >>it was a much longer flight than expected for passengers on board an american airlines plane heading from chicago to london. the plane had to make two emergency landings along the way. first it stopped in eastern canada for a medical emergency on board. after taking off again. the plane had to land in shannon ireland after reporting a smell of smoke in the cockpit. the issue was with a fan and the plane was able to take off for heathrow airport in london. >>american arilines has pulled some 7-57 planes for inspection. after seats came loose on three planes. the first incident happened saturday on a flight from boston to miami. a similar incident happened yesterday on a flight from new york to miami and one last week on a flight from colorado to dallas-fort worth. american says there could be an issue with a certain model seat. a preliminary i
. the environment has gotten such a got you environment that even the politicians themselves and regulators have to do their business with one eye over the shoulders for fear of being dragged into some congressional committee or they'll be exposed for having to talk to leaders. so i think this idea of working together, i think in order to allow people to work together, there has to be a little bit of a letup. another thing is you can't kill people if everything doesn't work out perfectly. who the heck is going to take the jobs in business and government. you'll always get people that want to be ceo and senator and cabinet secretaries, but it might not be the people you want if you make it so punishing for them to take the job and unsustainable to be in the job because who gets it right all the time? >> that's actually an important distinction. john chambers and i were talking about it. in business, you take risks. some of them work out. some of them don't. in government, it's very difficult to take risks because if something goes badly, you're going to get pilloried for it. there's no particular
and reinvent the rule naps is because we are in a very different work environment technology is making older jobs outdate faster and spin off new jobs. and they each one requires more education. and i just think if we're going it i think america is a huge advantage in the world. because the i think the world is going to be divided going forward between high imagination and enabling countries and low imagination enabling country. rethe highest imagination enabling country in the world. if you have spark of an idea you can go to delta in taiwan they'll design it. they'll get you a cheap chinese manufacture. amazon will gift wrap it for christmas. free lancer get the logo. they are commodities except this. that's no country that does better. the problem with this though, the days will ford will move to your job with 25,000 person factory is over. it's 2500 people and a lot of robots and you know the old joke, the modern factory of the future is two employees, a man and the dog. the man is there to feed the dog and the dog there to keep the man away from the machines. generating 12 million nor j
you reconcile that with your voting record? >> i have a very strong record on the environment in the united states senate. [laughter] i have a record where i voted for the superfund legislation. i have a record where i voted against my president on the override of the clean water act. i have voted for the major pieces of environmental legislation that have come down and been voted on in the united states senate. this administration and i support this administration and its environmental efforts has moved in the area for the first time to deal with the ozone problem. we now have an international treaty, the treaty that is commonly referred to as the montreal treaty. for the first time we are talking about the impact of co2 to the ozone layer. that's progress with the environment. we are committed to the environment. i take my children hiking and fishing, walking in the woods, in the wilderness. believe me, we have a commit to preserving the environment. you bring up the environment, you can't help but think about the environmental policy of the governor of massachusetts. he tal
bank and under the current regulatory environment, as bank took a look at his business plan and said here is your problem -- you are asset rich and cash poor. he said i know that, if i had the cash it would not be here for a loan. he would have to over collateralize a loan by 150% under the current regulatory environment. i want him to be able to grow his business. it's a classic example of regulation killing jobs. we need to make sure we have the proper amount of legislation but not overregulation. my commercials talk about reducing spending, and powering our work force for training for jobs available and developing a comprehensive energy policy to put our people back to work, energy independence to protect our environment. >> 30 seconds to rebut. >> you have been running some of the most deceitful attack at the state has ever seen. don't try to pretend that has not been what's happening in that race. when your campaign was asked why you don't start talking about the issues, your campaign manager said it would be a senseless exercise. that's right. for linda mcmahon talking at the i
between from a kitraditi conservatives and ahmadinejad, who is to blame for the current environment. so that's the part where we'll have much more debate. and the real intention or the real intent of the sanctions is to change iran's position on the nuclear program. that's likely to be less effective. iran needs face saving mechanisms. a deal which guarantees that domestically iran looks weak. so going into negotiations with the west -- >> is there such a solution where they can come to an agreement that satisfies both his demands for that and the west demands for no nuclear proliferation? >> it's a delicate matter. it's framing the agreement as if it's a win/win situation, but such conditions would directly not allow iran to develop a nuclear weapon. negotiations will be hard. >> good to see you. thanks very much. henry, thanks for joining us, as well. >>> still to come, the controversial fracking technique used in the natural gas sector is rapidly gaining progress. we'll find out why. >>> these are the headlines. september employment report in the u.s. is on the minds of investors and
're the best environment for the talent spent before we go to questions, jay, then i want to talk about campaign financing. >> so you're looking at california right now, and that massive increase in the cost of gasoline, when matt said, when consumers are paying for gasoline they are not able to purchase their basic commodities every day. so what's happening? governor brown is proposing a relaxation of regulations that impact the energy industry. that is clearly a concession that regulation drives the cost of energy. we've got to have that same focus and discussion here in washington. because what's happening in california can happen all across this country. >> hawaii, i heard -- >> when we do the big deal everybody thinks we have to do entitlements and defends on one side and taxes on the other. if you have a school pashtuns do with two legs he usually falls over. if we look at what the canadians did with their cash cow, we have more cash cow in energy than any of them. and we can do spending. we can do taxes, and we can to energy which is our cash cow if we go to and you can make a re
to be a challenging environment. mandy, great point. china's deceleration is very important. it's very real. you're seeing that in commodity complex. i think that revenue line is going to be very, very important. that's probably going to come in soft. >> all right. we'll leave it there. thanks, everybody. appreciate your time tonight. we'll keep watching this market and the fundamentals around it. we look now where the big money is eyeing and whether or not foreign money is coming into the u.s. we have henry m henry mcveigh w. tell me what you're hearing. >> the clients with the long-term focus are the ones we traditionally work with. we see opportunities. we have a very big presence in asia. i was just over in hong kong and india. we're finding things to do on the consumer side. i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some p
be operating under a very different environment. >> don i'm going to ask you the same question? do you have a different investment strategy and president obama than president romney. >> complete fork in the road. this is a no-brainer. you don't even have to drill down to the sector level. all about the fiscal cliff. if romney is elected president, we're not going to have a short-term fiscal cliff problem because he's not going to veto extending the bush tax cuts. and the republicans aren't going to give him so hard a time hiking the debt ceiling. if obama is elected, he has said over and over he will veto any extension of the bush tax cuts that includes extending the tax cuts for the rich. the house, on the other hand, insists on all the tax cuts being extended. if they can't agree, all tax cuts go away. 5% of disposable personal income is ripped from the economy. the republicans take their vengeance by not raising the debt ceiling. we are back in a great recession mid january. which this country can't take. we can't take it. >> we've wasted all our recovery resources four years ago in the
and education. and also making environment where it's easy enough for businesses to hire people and employ people and kind of stay out of everybody's way. >> host: how is it doing on those? >> caller: i don't think it's doing really well when the minimum wage is sitting at $10 an hour in some states. it's not there yet but it's getting very quick. and that isn't enough to employ people some people like myself, a small businessman, it's hard for me to employ more people when i'm having to pay so much for everything. the price of everything is going up, the price of fuel, the price of electricity, the price of food, the price of everything is going up right now. so i don't think the government is doing a good job. >> host: thanks in washington. "the wall street journal" this morning another comparison between the two candidates is and so much on the role of government, the definition of patriotism. president barack obama says he wants the new economic patriotism that mitt romney calls the presidential campaign a battle for the soul of america. the candidates are not only racing to win an ele
many signs. the austrian accord, big supporters of the environment. think about the amount of paper that was wasted when we drafted the oslo accord. thousands of papers. but today we come and we speak with the palestinian leadership about the oslo accord, well, it is written, so what? for example, [inaudible] a holy site for jews in an in accordance to the oslo accord were supposed to go there whenever we want pray, that we cannot go there. it's not safe for jews, cannot go to date and pray at the tomb of jordan. so it is written in the oslo accords. i don't want to another accord and another ceremony at the white house. i don't believe in it. i want to get to the point where there will be real peace with real partner, and still we'll get to that point we will have to manage the conflict. i want to sum up and tell you that the book is very straight. i didn't hide, and some of my colleagues in the parliament told me, you're making a mistake because if you buy something out in the book and you are young relatively, what will happen in two years? people will go back and tell you, your
environment where price discovery has been destroyed because the price of money is fake and artificial and not real. >> peter, how are you investing in this environment ten? what are you doing in terms of allocating capital? >> well, you have to -- from the big picture fed perspective, you want to be protecting yourself in non-dollar assets and hard assets and commodities, precious metals, commodities that defends yourself against what the fed is doing. i think earnings will disappoint, not only for q-3, but also the guidance for q-4, so you have to be defensive over the next four weeks. >> everybody talks about the most hated rally. i know i coined that. while money has been coming out of stock mutual funds, there has been money going into etfs and high-yield bond funds. they're not really bond funds. in times of volatility, they act like stock funds. people are seeking alternatives in stock-like instruments. >> bob makes a great point about high yield. we have seen a virtual stampede into high yield. investors have to sell their soul to get 3% today. all is not well on the anniversar
atmosphere in a participatory environment and we do not like anyone losing their lives or being killed for any reason anywhere in the world. >> there are protesters all over the middle east threatening american embassies to kill them, to behead them, do you think it should stop? >> you see, i cannot determine what people or nations should do. but i do think that extremism gives birth to following in subsequent extremism. perhaps if the politicians take a better position in the west, vis-a-vis offensive words or pictures toward what is we hold -- what we hold holy, i think conditions will improp prove. but most nations do not pursue tensions and conflict. >> what happens your view, your opinion of the arab spring last year and what is your opinion of what is happening now in the countries where there were uprisings and we saw the end of gadhafi and mubarak and so on? >> i do believe that all of the world needs reform. le reform must take place everywhere. every where. even in the very same place that you and i are sitting because still, humans have not -- have not reached a degree of co
into politics out of an ideological background, maybe the academic environment or a writer or some people come out of a practical background. he comes out of a practical business background. the reason i like him as president, this is what we need right now, a practical man. i think president obama is overwhelmed by too much ideology too often and can't see his way through it. i think he has an unrealistic view of the islamic extremist movement. i think it's almost like a fantasy world about it. >> mayor rudy giuliani, good to see you. thank you very much. >> thank you. >>> convicted child sex abuser jerry sandusky is saying in his own words that he didn't do it. a sentencing hearing is now under way in bellefonte, pennsylvania, for the former penn state assistant football coach. armen keteyian file this had report before heading inside the courtroom. >> reporter: jerry sandusky is now inside courtroom number two. just under a little three months ago, he was convicted on 45 counts of sexually abusing ten young boys. he is expected to do what he did not do at his trial, to stand up and profess
. this is because we are in a very different work environment where technology is making all their jobs outdated faster and wonderfully spinning of the new jobs but they require more education. i just think that if we're going to -- by the way, i think america has a huge advantage in this world. the world will really be divided between high imagination and low imagination countries. we have the highest imagination- enabling country. if you just have the spark of an idea of, they will get you cheap chinese manufacturing. jeff ebzos will do your delivery. craigslist for your accountant. there's no country who does this matter. the problem with this is that in the days when ford will come to your town with a 25,000 person factory is over. it is now 2500 people and a robot. in that world, generating 12 million more jobs. whatever timeframe he is talking about, maybe it's possible only if we once again get everyone starting something. what worries me about romney -- they can make any projection they want, but i think we really need to rethink workplace indication and how to become a truly start a cou
not think we should make a -- divert attention to try to confront it in an external environment. continuing to engage, having areas of cooperation in energy, the development of a massive nuclear civil energy programs. we are already cooperating with the chinese. keep our markets open. but do not create a more hostile environment that is essential. is is important we keep a balance in the region. there is a line between balancing provocation and we want to stay on the side of balance and a constructive environment. >> i was surprised to hear you say that the comments made by both candidates, you used the term deplorable. i know you have endorsed mitt romney. have you had that conversation with him? abbey said i find your comments deplorable? -- have you said i find your comments deplorable? [laughter] >> i see these advertisements for the candidates are debating with each other on how to deal with the cheating of china. both used the word cheat. it may be that in china they do not understand and i am bothered by the fact that appealing to china -- it does not affect my feeling of the canada.
natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> "outfront," mitt romney is trying to make off with the middle class. romney made another big play for that all important voting block. a >> people in the middle class have been squeezed, buried as the vice president said. >> last night on fox news, romney made an unexpected plea to the same voters, apologizing for the leaked comment about 47% of americans. >> in this case, i said something that's completely wrong and i absolutely believe however that my life has shown that i care about 100%. >> if you listen to how many times he's said middle class over the last few days, it looks like a frontal assault. joining us now -- serving a
are not just the risks we take. the environmental is such a "got you" environment even the regulators have to do their business with one eye over the shoulders for fear of being dragged over the national committee and having to be skboesed to talk to leaders. i think in order to allow people to work together, there has to be a little bit of a let-up. another thing is you can't kill people if everything doesn't work out properly. who the heck is going to take the job whether in business or otherwise. it might not be the people you want if you make it so punishing for them to take the job and so unsustain tobl be in the job because who gets it right all the time? >> that's actually an important distinction. john chal bers and i wither talking about it. in business, you asigh you take risks. some of them work out. some of them don't. in government, it's very difficult to take risks because if something goes badly, you're goingo get pilleried for it. the balance that you worry about is very different, right? >> it is. business has an advantage that we know if we don't take risks, there's low c
political environment for the president this season. what's happening now if you look across the country, democrats uh knew it would be a close race. as we get to the end here, even though the president does have an advantage in swing states, democrats are getting that it's time to close the deal. money has been picking up for democrats. >> what about enthusiasm? the democrats have a gap in terms of the enthusiasm of young people according to the polling. >> i think money has had an impact, especially in ohio. the romney campaign hadn't been advertising in youngstown for the first couple of weeks of last month. that hurt hem in the polls. the romney campaign has to step up to make sure they have the resources. the enthusiasm gap really helps them. this will be a tight election. both sides will be excited. >> bill, you worked in the white house. you have done debate prep before. what happened? who didn't show up? where was barack obama last wednesday? >> i don't think anybody, including the media was ready for mitt romney. somebody willing to walk away from their bigs policy positions, ta
and the environment. we're america's natural gas. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day 50+. >>shepard: the venezuela leader who called george w. bush the devil and suggested the united states gave his latin america counterparts cancer has won another term. a third term for the president chavez who clutched a copy of the sword of bolivar, a famous dictator in the mid-10000's. thousands commanded "viva chavez." a long time american critic won by a ten-point margin compared by 27 points in 2006 when he was accuses using the oil wells to finance the campaign and looking up votes from the poor through generous welfare reform. and now the
. >> for the environment, we felt we needed more not less. >> kimberly: more on the ground for those meeting with ambassadorsteins months before the assaults. that's next on "the five." humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else mes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? [ male announcer ] start with nothing, build a ground-breaking car. good. now build a time machine. go here, find someone who can build a futuristic dash board display. bring future guy back. watch him build a tft display like nothing you've ever seen. get him to explain exactly what that is. the thin film transistor display... [ male announcer ] mmm, maybe not. just show it. customize the dash, give it park assist. the fuel efficiency flower thing. send future guy home, his work here is done. destroy time machine. win some awards, send in brady. that's how you do it. easy
in benghazi. before the attacked that killed four americans. >> for the environment, we felt we needed more not less. >> kimberly: more on the ground for those meeting with ambassadorsteins months before the assaults. that's next on "the five." ♪ ♪ >> greg: i love the everly brothers. the libyan mess should be a major motion picture starring george george clooney. funny those who normally care are quiet. the "washington post" ombudsman say the paper screwed up chasing the anti-muhammad video tail. why did the media blame the video instead of terror? the daily beast explains that the administration cherry picked that despite evidence to the contrary. one day after the attack aide to hillary said it was terrorism. ambassador susan rice still blamed the mob. cnn and the rest concurred. why did they buy the lie? downplay al-qaeda and strategy for the election before protection. that may be why bob's suspenders are more secure than the consulate. maybe they want to believe the lie. it's the west that is the root of all evil, not actual evil. america is a bad guy even if the other guy threw t
provide the permitting under broad standards set by the federal government. that protects the environment and we produce more energy, domestic energy an jobs from this country. melissa: can you tell me physically what takes the process so much longer? is it your filling out pieces of paper you send them in and don't hear back forever? what in the permitting process takes gap 10 days, couple days in one situation and 290 days in the other? what is it? >> melissa, frankly it is federal bureaucracy. it is red tape. it is epa. bureau land management. what they're doing, they have got a very lengthy, extensive and uncertain permitting process that ties up industry for no real benefit that means less domestic oil, less domestic energy and fewer jobs. melissa: so what's the answer? is it no permits at all? is there a way to expedite the process? do you do the permits locally? what's the answer? >> well, that's, i appreciate you asking that question. that's my point. here in the state of north dakota we're a good example. on private lands we get the wells permitted in 10 days. with the legislatio
. it details next. at the end of the day it's all about the environment. wait. no it's not. melissa: all right. so, when you are out shopping do you look for green products? you want to pay more? billing green is big business, but the federal trade commission is cracking down on how companies market their goods. consumers like you and i don't get duped. the problem is that the green knight seems pretty vague and might end up hurting the business bottom-line. joining me now, expert maurice, president of reiss and greece. thank you for coming on the show to me it kind of makes sense. anybody can say their product is green if it is trendy. it's like organic. you put it on anything and people want to buy it. >> well, yes. but that is assuming consumers are really stupid. they just buy everything. and you know what, consumers are skeptical. and like you said, they are actually less willing to buy things that are green and not willing to spend more money in a lot of cases. the biggest issue is green is on everything. makes it less powerful, and they are extremely skeptical. wind we need all this new
is discourage the move toward electric cars by trying to alleviate our concerns about the environment. they showed us their new $4 million experimental combustion engine, which they hope will increase gas mileage while it lowers co2 emissions. >> what we want to see is that there is an emphasis on also making this oil greener and making the fossil fuels in general greener, because they're gonna be with us for the long haul. >> let me be blunt, okay? and ask you to be candid. is it aramco's hope to prevent a switch away from oil? somebody said the country is the oil business. i mean, you absolutely need to do this for your own survival. >> and what's wrong with that? >> well, i didn't say anything was wrong with it, but it's a fact. you'd admit it's a fact. >> yeah, we admit a fact that, yes, this is--we depend on the oil industry. we want it to help us, you know, to develop our economy and to develop the economy of the world. so what is good for the well-being of saudi arabia should be good for the well-being of the world too. so there's nothing wrong with that. >> and so what do you
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